Home » How to Buy Bitcoin on eToro: A Step-by-Step Guide

How to Buy Bitcoin on eToro: A Step-by-Step Guide

by Piante

The most well-known cryptocurrency in the world, Bitcoin, has attracted a lot of attention lately. As a possible long-term asset, Bitcoin has drawn the interest of many people. One of the places you might examine if you’re trying to buy Bitcoin is eToro. We will lead you through the process of buying Bitcoin on eToro in this in-depth manual.

Open an account with eToro

Making an account on eToro is the first step in starting your Bitcoin investment journey. Click the “Sign up” button on the official eToro website. Include your name, email address, and password in the needed fields. You can also register using a Google or Facebook account.

Complete your profile

You must add more information to your profile after registering in order to finish it. In order to do this, you must submit copies of your identification documents, such as a driver’s license or passport, as well as documentation of your address, like a utility bill or a bank statement. To comply with legal standards and guarantee the platform’s security, eToro takes these steps.

Deposit Money to Your eToro Account

You must have money in your account in order to buy Bitcoin on eToro. Choose your favorite payment option and click the “Deposit Funds” button. eToro offers a number of choices, including e-wallets, credit/debit cards, and bank transfers. In order to make a deposit into your eToro account, follow the instructions.

is to look for Bitcoin on eToro.

You can start looking for Bitcoin on eToro as soon as your account has money in it. Type “Bitcoin” into the search box at the top of the screen and choose it from the dropdown menu that appears. You’ll then be sent to the Bitcoin trading website.

Order is placed

You may find a variety of information regarding Bitcoin’s price and market trends on the trading page. Click on the “Trade” button to buy Bitcoin. The ability to alter your order will be presented to you in a new window.

Set your investment amount

Enter the number of Bitcoins you wish to buy in the order box. You can input the amount in either Bitcoin or the fiat currency of your choice. Be aware that eToro establishes a minimum investment level for every cryptocurrency, which may change over time.

Choose the order type

Market orders and limit orders are the two types of orders available on eToro. A limit order enables you to specify a specified price at which you wish your order to be executed, as opposed to a market order, which executes your buy at the current market price.

Check Your Order and Confirm It

Review every aspect of your order, including the investment amount and order type, before completing the transaction. Verify your information a second time because orders on eToro are final once they are executed. When you are happy, confirm your order by clicking the “Open Trade” button.

Monitoring Your Investment

Congratulations! On eToro, your Bitcoin purchase was successful. On the eToro platform, go to the “Portfolio” area to keep tabs on the performance of your investment. You may see real-time updates on your Bitcoin holdings here, along with their current value, profit or loss, and other pertinent data.

Secure Your Bitcoin

It is critical to make sure your digital assets are secure after buying Bitcoin. Instead of leaving it on the exchange, think about moving your Bitcoin to a personal wallet that you manage. This adds an additional degree of protection against potential theft or hacking.

Conclusion

A simple platform for buying Bitcoin and other cryptocurrencies is provided by eToro. You can confidently start your Bitcoin investment experience on eToro by according to these detailed instructions. Always do your homework, keep up with market movements, and only invest money you can afford to lose. Invest wisely!

You may also like